A judge has ordered employees of supermarket chain Romeo’s to receive a further corrective opt-out notice in class actions against the company following claims that a senior manager again initiated discussions with group members about the case.
Payments processing company EML is looking at two potential shareholder class actions over its alleged failure to notify the market of concerns by Ireland’s central bank relating to compliance with anti-money laundering regulations.
Industry super funds AustralianSuper and IFM Investors – the consortium behind the interest rate swap at the centre of the corporate watchdog’s insider trading case against Westpac — have asked a judge to shield commercially sensitive information from the public as the high-profile action unfolds.
Cyber security company Secure Logic Group has won an injunction barring two former executives from using confidential information, but the victory is a Pyrrhic one for the firm, whose covert surveillance of one of the executives could lead to criminal charges.
AMA Group has told a court it will enter early mediation in its lawsuit against former CEO Andrew Hopkins that alleges he owes $2.4 million in unauthorised expenses and repayments on an outstanding loan.
Describing the federal government’s income-averaging debt collection program as a “shameful chapter”, a judge has approved a $112 million settlement in the Robodebt class action, saying the agreement was fair and reasonable.
Investors who entrusted their retirement savings to deceased fraudster Melissa Caddick may launch a class action against the auditors that signed off on financial statements for the funds.
Combatting “opportunistic” class actions is one of the main drivers behind proposed legislation to reform Australia’s continuous disclosure laws, but the federal treasury department has brushed off a Senate committee’s request for a list of cases apparently deserving of the derogatory tag.
To those who know Tim Finney as the talented solicitor who helped launch a successful law firm at the age of 34, it might come as a surprise to learn that the Litigation Rising Star once had a paying gig as a music journo meditating on, or grappling with, in his own words, “the eternal difficulty of capturing how the sound of sound affects us”, and other things ineffable.
The ACCC has cleared Woolworths’ planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services without the supermarket giant’s proposed undertaking to maintain independence between the company for three years.